Question: > Question 7 1 pts For questions 7 to 8, suppose the prevailing market price is p = $80. Question 7. How many gizmos should

> Question 7 1 pts For questions 7 to 8, suppose

> Question 7 1 pts For questions 7 to 8, suppose the prevailing market price is p = $80. Question 7. How many gizmos should the firm produce to maximize profit? Note: Recall that profit maximization requires p = MC. 10 a 20 30 0 40 D Question 8 2 pts What is the firm's optimal profit? $700 $800 $900 O $1,000 > Question 7 1 pts For questions 7 to 8, suppose the prevailing market price is p = $80. Question 7. How many gizmos should the firm produce to maximize profit? Note: Recall that profit maximization requires p = MC. 10 a 20 30 0 40 D Question 8 2 pts What is the firm's optimal profit? $700 $800 $900 O $1,000

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